Roman Abramovich has put Chelsea FC up for sale amidst sanctions against his country by Western nations.

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After the club denied reports of Abramovich wanting to sell the club, the Telegraph now report that the Russian-born has put the club up for sale, with an American-based merchant bank, who claim they are in charge of the sale, contacting potential buyers.

Chelsea haven’t responded to claims that the club is now for sale, as Abramovich eyes a £4 billion sale.

He is currently owed £1.5 billion in debt by Chelsea, with sources close to the process, as per the Telegraph, believing that only bids of around £2 billion will be lodged.

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